Florida Home Insurance Costs Show Signs of Stabilizing
A recent statewide report indicates that after years of steep increases, homeowners insurance premiums in Florida may finally be leveling off. Between August and September 2025, the average statewide cost for “all-perils” coverage on owner-occupied homes rose by just $1 — from $3,747 to $3,748. That’s a tiny 0.03% increase, the smallest monthly change since the state began tracking these costs monthly.
What’s happening now
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Since January, premiums increased by about 1.5%, rising from $3,691 to $3,748.
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Some insurance providers in the private market actually lowered their premium rates during this period, while others kept rates stable.
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Similarly, coverage for condominiums held steady, with average condo-owners policy rates unchanged September over August at about $1,779.
Analysts suggest this stabilization reflects a combination of milder recent storm activity and lower reinsurance costs — positive signs that the worst-case scenarios for premium spikes may be behind us.
What this could mean for homeowners
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More predictability. If rates continue to flatten, it can be easier to budget for insurance — a big plus in Florida where premiums have long been volatile.
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Potential relief. For some homeowners, especially those renewing or shopping policies soon, there may be opportunities for slightly lower premiums or more competitive quotes.
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Better decision-making. Stabilized insurance costs can ease one of the major financial uncertainties of owning property in Florida, making buying or selling more appealing.
A Few Notes of Caution
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While the statewide average shows stability, costs still vary widely depending on the location — coastal, inland, and high-risk hurricane zones often still carry higher premiums.
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“All-perils” premiums do not include flood coverage. In many parts of Florida, flood insurance is purchased separately and may add significantly to total yearly housing costs.
- As always, insurers may raise rates again if conditions change — such as a bad storm season or rising reinsurance costs — so staying informed and comparing quotes remains important.